bitcoin words

Inception

Beginning/start

Bubble

An economic growth that is extremely good for a short period of time (may then burst)

Sidestep

Avoid

Encrypted

Coded to prevent unauthorized access to it

A medium of exchange

A currency (represents a value)

Boom and bust tendencies

Highs and lows

To surge

To rise/increase rapidly

Wipe out

Destroy completely

Cautionary

Warning somebody to be careful

A vehicle for sth (here)

Something they can use

Scammer

A dishonest person

Crook

Criminal

Anarchism

The belief that there should be no government or laws

For good measure

In addition to what has already been done or said/a way of making something complete or better

Sidestep

Avoid

Parallel

Similar to

Banknote

(Paper) money

Monopoly

To exclusively control supply in a service

Sweeping

Wide

The Financial Conduct Authority

Fjármálaeftirlitið

Central Banks

Seðlabankar

Blockchain

A digital database containing information that can be simultaneously used and shared within a large

Asset

An item of property/possession of value

Utility

Sth useful or profitable

Held in high regard

Respected and valued

Has been shot

Gotten rid of

Burned

lost money, suffered a loss

Speculative investment

High risk investment with the purchaser being more interested in price fluctuations than fundamental/real value

Niche asset

Very specific benefit for a small number of people or a small area of trade within the economy

Cryptocurrency

Digital currency, using encryption techniques to regulate units of currency and verify transferal of funds. Operate independently of a central bank.

Akin to

Similar to